Intensys receives $7 million in funding

SAN JOSE -- Intensys Corp. here has announced that it has raised $7 million in its second round of funding, bringing the total capitalization for the application-processor supplier to about $9 million.

Investors include RWI Group, Rahn Group, and Telos Venture Partners. The company also received funding from venture capitalist Donald Lucas, as an individual investor.

"This funding will allow us to complete our first stage product development and ramp up our marketing efforts," said Todd Rockoff, president and chief executive of Intensys. "This infusion of capital keeps us on track for a first product introduction early next year."